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J. C. Penney Company, Inc. Message Board

  • tngenchek tngenchek Aug 15, 2014 8:53 AM Flag

    Market - How'd I do??

    Didn't hear back from your challenge, so I can only assume you missed it

    Speaking for the Longs, "We had it right". And we have a shot at $25.00 and more down the road.........Retoy, Alloro, Tngenchek....You're up!
    Well looks like I totally called this one wrong, guess I'll be closing my position and making my margin calls, never to be seen or heard from again

    Seriously, lets just see how wrong I called this one so far,OK.

    This was posted to Supor(who by the way never responded to my request that he post his own preditions instead of his usual punctuation mark proofreading)
    tngenchek • Jul 25, 2014 5:23 PM
    My guesstimates(opinion) of Q2 I've posted before. You were forewarned they would be massaging the numbers with the new accounting procedures re: liquidation merch, etc., guidance was mid single digits (5-6%??) add the massage # of 1.3% and you get sales of 6-8, margins will come in between 34-36% giving bagholders a reason to non-stop dancing in the streets that the "turnaround" is indeed taking hold. I'll do a Mike/Yah here and say the stock will go up or down but probably not stay the same. All kidding aside, I look for quite the pop in the PPS.
    After the initial euphoria passes and the bean counters start tearing the numbers apart, they won't look as good as at the first glance, reality of the debt etc. take hold, and back down she goes.
    Your turn.
    Surprise surprise surprise
    SSS was 6%
    GM was 36^
    Popped to 11 bucks
    and wonder of wonders, the inventory was magically improved by liquidation
    So you can see, nothing has happened so far that we didn't expect, so why would we change our minds when it happened??

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